The EPC contract and the turnkey contract are very similar. Sometimes these two types of contracts are used interchangeably, but have little difference. The EPC contract is a type of construction contract between the parties where the contractor is responsible for all engineering, procurement and construction activities to deliver the completed project to the employer or owner. Before we get into the essence of EPC, let`s focus on a few basic terms. As we pointed out at the beginning, EPC is synonymous with engineering, procurement and construction, and for many companies in the oil and gas industry and others, it is a very effective turnkey solution for bringing products to market. For example, when we were mandated to build six crude oil collection terminals for an energy transfer project, our EPC expertise made it possible to successfully complete the terminals that now supply the pipeline on time and on budget. For large critical infrastructures like this, an EPC contract provides a highly efficient turnkey solution. While the scope of an EPC may seem simple, there are many in these three terms, so let`s break them down. In addition to delivering the complete installation, the EPC contractor must deliver it within a guaranteed time and price. The EPC contract is one of the most popular types of contracts in the construction industry. Leading energy companies around the world, whether crude oil and natural gas companies or others dealing with LNG (liquefied natural gas), LPG (liquefied petroleum gas) or NGLs (natural gas liquids), use Matrix Service for our EPC (engineering, procurement and manufacturing) expertise. Indeed, as a leading EPC contractor, we understand the complexity of planning, sourcing and building a large infrastructure.

Most importantly, we know what it takes to complete EPC efforts safely, on budget and on time. Whether it`s oil and gas terminals to power pipelines or critical infrastructure such as crude oil storage terminals, we can help you identify opportunities and develop solutions with our proven EPC services. In this article, we`ll break down each part of an EPC agreement and highlight our expertise with the help of examples. The plant must operate at a certain level of efficiency specified in the “Performance Specification” section of the contract. Energy Transfer Scope of Work: Engineering, Procurement and Terminal Construction After being selected as an epc contractor for the six crude oil collection and storage terminals at the Bakken Oil Fields in Great Plains and associated pumping facilities, our expertise was applied. We took care of the engineering, procurement and construction of the six terminals (each terminal having a working capacity of 200,000 to 600,000 barrels), including complete site preparation, construction, structure, mechanics, piping, electricity and instrumentation. As for the engineering part for EPC contracts, our engineering know-how is your advantage to bring more products to market. Because we focus on complete and multidisciplinary solutions. Whether feasible studies, front loading (FEL), frontal engineering design studies (FEED), 3D factory modeling, project cost estimates, P&ID development, plot plan development, structural planning/analysis, tank design/analysis, electrical design/systems, control instruments/systems, piping design/analysis or commissioning and training, our full range of engineering services brings a higher level of expertise to your next project. When you work with us, you will find that no one is better qualified than our team to deliver on any front when it comes to EPC contract work. EPC contracts are now an essential part of agreements in the energy and energy sectors.

Indeed, an EPC agreement between the parties transfers responsibility for the design and construction of an entire plant to a single supplier. Ultimately, the EPC contractor often hands over a set of keys to the developer, who can begin operations immediately. This is a closer look at the words behind this commonly used chord. By using this website, you agree to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts to upload or modify information, or otherwise cause damage, including attempts to deny service to users. Please report your traffic by updating your user agent to include company-specific information. If a user or application submits more than 10 requests per second, other requests from the IP address may be limited for a short time. Once the request rate has fallen below the threshold for 10 minutes, the user can continue to access the content on SEC.gov. This SEC practice is designed to limit excessive automated searches to SEC.gov and is not intended or should not affect anyone browsing the site SEC.gov.

EPC stands for Engineering, Procurement and Construction. With an understanding of engineering, let`s turn our attention to sourcing. In today`s market, a successful sourcing strategy means finding a partner who can deliver items to specifications, on budget and on time. When you work with Matrix Service, you will work with a qualified leader who will successfully guide you through the procurement process. For us, this always means ensuring that materials are purchased according to specifications. This means making sure deliveries arrive on time. And that means taking the initiative to move on to the next phase. We are a supplier who knows what it takes to get items quickly to capture the moment when market conditions are right. Because it means that your product will get to market faster. Projects come to life with construction.

At Matrix Service, we offer a variety of industrial construction solutions and approach every project, regardless of size, with the same commitment to safety, quality and timeline sensitivity. We pride ourselves on our ability to provide solutions and internal capabilities and resources to help our clients achieve their engineering, procurement and design goals. Note that this policy may change if the SEC manages to SEC.gov to ensure that the site operates efficiently and remains available to all users. For us, offering cost-effective turnkey construction services means offering customers a single point of contact for the complete construction of the terminal. .

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